What is an EID?
HDP receives funding through an Economic Improvement District (EID). Economic Improvement Districts are designated commercial districts within which property owners agree to self-assess a fee that funds a higher level of service than otherwise provided by a municipality. Downtown Hillsboro’s Economic Improvement District has been in place since April 1, 2015 with an initial period of five years, and terminates on March 31, 2020. EIDs can be renewed indefinitely for up to five years at a time with the approval of district property owners.
Most districts in Oregon are renewed. McMinnville has had an EID for 28 years!
How are EID’s created?
Typically, a representative group of property owners work to gather support for the district’s creation. An ordinance is proposed by the city commission and open for public comment. If property owners representing more than two-thirds of the assessment fees choose not to object, the district is formed or renewed.